The global man-portable military electronics market is expected to grow at a significant CAGR during the forecast period (2024-2031). The major factors propelling the growth of the global man-portable military electronics market include rising terrorist threats and growing military budget by countries globally which enabled militaries to acquire more man-portable military electronic equipment to improve their land-based fighting capabilities.
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Man-portable electronics are intended to be carried by soldiers as an integral component of their assigned duty. Mobile communication items used for transmitting and receiving video, voice, and data signals are included in the global man-portable military electronics market. These technologies also provide crucial intelligence, surveillance, and reconnaissance (ISR) for military operations. Defense officials have found that using man-portable technology to improve the safety and capabilities of their troops has proven to be a successful strategy. Satellite-based communication is used in the global man-portable military electronics market, and it operates on many frequency bands such as Ku-band, Ka-band, X-band, and others.
The major players contributing to the growth of the global man-portable military electronics market by adopting various strategies such as product launches & developments, mergers and acquisitions, partnerships, and agreements, include L3Harris Technologies Inc., Collins Aerospace (United Technologies Corporation), General Dynamics Corporation, Cobham PLC, Thales Group, among others., among others. For instance, in July 2021, the Defense Research and Development Organisation (DRDO) of India performed the tests of Man-Portable Antitank Guided Missile (MPATGM) and the New Generation Akash Missile (Akash-NG). MPATGM is a low weight man-portable anti-tank missile launched by the troop-portable launcher which is equipped with a thermal sensor and is made in India.
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Market Coverage
- Segment Covered-
o By Type
o By Equipment
- Competitive Landscape- L3Harris Technologies Inc., Collins Aerospace (United Technologies Corporation), General Dynamics Corporation, Cobham PLC, Thales Group, among others., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Man-Portable Military Electronics Market by Segments
By Type
- Communication
- Command & Control
- Ancillary Electronics
- EO/IR (Electro-Optical/Infrared)
- ISTAR (Intelligence, Surveillance, Target Acquisition, and Reconnaissance)
- Force Protection
By Equipment
- Radar
- Imaging System
- Others
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